Thanks for the post! I see the price of Bitcoin go to one million dollar (over a longer time frame), Segwit will almost finally been implemented, and this will cause HUGE innovation, because it is the base for 2nd layers.
LN can replace all anonymous and fast coins. Micro payments / money streaming will be possible again and things like smart contracts and many other applications too. I expect a lot of money and projects to go back to Bitcoin, The oldest and most robust / secure blockchain.
I been thinking about the pizza story many times if I spend BTC or other crypto's, but finally you have to pay for living and as long as it is a small part of your wealth that you spend it doesn't matter. If this pizza buyer owned a million bitcoins for example, even these millions that he lost was nothing compare to its wealth.
The best thing to do is always change the same amount of fiat into BTC when you make a BTC payment (or other crypto)
Well I don't agree, I used to believe irrationally in the hype too, but now I am more rational and I think the 1 million $ bitcoin hype is rubbish.
In best case scenario maybe 50,000-100,000, but by then Bitcoin will be as great as a national currency. And government will never adopt it, in fact they will just probably create their own coins, because why not?
Plus I don't think BTC in it's current form is competitive, I disagree with the Segwit thing, I think there are problems there.
So at this point I have serious doubts about BTC, so I have to wait 1 more year to change my opinion if I see what comes out of this.
The best way to avoid this catastrophe is to just not spend cryptos. I don't . I just use them for investing only.
I fact I don't even spend that much money at all, my biggest spending so far was my house which I bought a year ago, and my recent wedding. But those were necessary.
Other than that I barely spend. I just keep it and grow it.